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Investing.com – Trimble (NASDAQ:TRMB) reached a 52-week high on Monday following Thursday’s topping up of the company’s shares by Cathie Wood’s ARK Investment.
The stock rose almost 5% to touch the day’s high of $84.61.
ARK Investment’s main active ETF, ARK Innovation ETF (NYSE:ARKK), bought 453,214 shares. ARK’s ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ) holds more than 2.4 million shares of Trimble.
Wood has come to acquire a formidable reputation on Wall Street for her bullish calls on many companies, citing their ability to disrupt the equilibrium in their sectors. Her views are widely followed and a lot of her picks begin to see momentum.
